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Whittaker buys into Land Securities

Manx businessman John Whittaker, the richest man on the Island according to the Times Rich List, has bought a significant stake in Europe’s largest property company.

The owner of Peel Holdings has bought four per cent of Land Securities, according to stock exchange filings, worth around £260m.

Mr Whittaker is now the third biggest investor in the group after Barclays and Legal & General, and bought the shares through his offshore company Albright Investments.

Land Securities holds more than £14 billion in property, primarily commercial space in central London.

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